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$950,000
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Property Description
Turn-Key Breakfast & Lunch Restaurant Opportunity. This is a fully built-out, turn-key breakfast and lunch restaurant located in a high-visibility space with a large dining room and efficient layout. Upon entry, guests are welcomed into a spacious dining area featuring fast, convenient keypad ordering systems and ample seating. The front of the restaurant includes large display counters, while coffee and beverage preparation areas are positioned behind the counters for efficient service. To the right side of the space, there is a dedicated office and storage room. On the left, the restaurant offers two ADA-compliant bathrooms. The layout provides plenty of room for dining tables and customer comfort. Toward the back, the property features a fully equipped commercial kitchen, including: Walk-in refrigerator, Stand-up freezers, Ovens, Commercial hood system. Extensive commercial equipment. Dishwasher (owned and included in the sale). Please refer to photos for additional details. The building owner is currently operating the business and is open to a new lease proposal. Lease rate: $4,500 per square foot + NNN. Seller is also open to selling the building and restaurant business for $950,000. which includes an upstairs apartment currently tenant-occupied at $2,000/month. All buyers must provide Proof of Funds to schedule a showing. Do not disturb employees or operations at the location Contact me for additional details and confidential inquiries.
Full Property Details
Full Property Details for 3862 Terrace St
General
- Price: $950,000
- Taxes: $5,881 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2568224
- Updated: 12/29/2025
- Added to Site: 31 day(s) ago
Business
- Business Type: Restaurant/Bar, Apartment Building
Rooms
Bathrooms
- Restrooms: 3
Additional Information
- Security/Safety: Surveillance Sys, Smoke Detector, Security System
Parking
- Parking Type: On Street
Location
- Area: 19128 (19128)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: MANAYUNK
- Cross Streets: Ridge Ave
- Driving Directions: Interstate 76 to Ridge Ave North to left on Terrace Street
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 3
- Building Size: 4989
- Year Built: 1940
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,500
- Lot Size Source: Assessor
- Lot Dimensions: 35.00 x 100.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $190.42
- Assessment Year: 2025
- School Tax: $3,293
- City/TownTax: $2,588
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $420,200
- Tax Amount: $5,881
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants and belongings
- Inclusions: Restaurant Business Assets, Furniture, Fixtures, Equipment, Lease proposal $4, 500 +NNN
- Lot Number: 54
Listed by Keller Williams Realty, Paul P Cheng
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Schools
Schools serving 3862 Terrace St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Cook-Wissahickon School 201 East Salaignac Street, Philadelphia, PA 19128 | K-8 | 0.3 mi |
Roxborough High School 6498 Ridge Avenue, Philadelphia, PA 19128 | 9-11 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3862 Terrace St
Date
Details
Price
Change
Source
12/19/2025
Listed
$950,000
53.23%
MLS
12/08/2023
Sold
$620,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3862 Terrace St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,882
—
$420,200
—
2024
$5,882
-10%
$420,200
100%
2021
$6,552
33%
-100%
2023
$4,930
-25%
$352,200
-25%
2020
$6,552
1%
$468,100
1%
2019
$6,488
3%
$463,500
3%
2018
$6,299
33%
$450,000
33%
2017
$4,719
—
$337,100
—
2016
$4,719
4%
$337,100
—
2015
$4,517
—
$337,100
—
2014
$4,517
-40%
$337,100
339%
2013
$7,504
—
$76,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3862 Terrace St
3862 Terrace Street, Philadelphia, PA 19128 (MLS# PAPH2568224) is a Apartment property. 3862 Terrace Street is currently listed for $950,000 and was received on December 19, 2025. Want to learn more about 3862 Terrace Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

